Saturday, October 30, 2010

First, these elections will change nothing. And this article is more about entertainment than politics. The Republican and Democratic Party are two wings on the same bird.

Anyway, Real Clear Politics is reporting "Seats Continue to Move to GOP; Avg Gain 65, Tossup Range 45-85." And judging by the number of surging Republican candidates in both the House and Senate, I think we're going to have a GOP gain of at least 60 seats in the House and 8 in the Senate. Actually, I'm starting to think that the Republicans can get 9 or 10 seats in the Senate. I think we'll see a 50-50 Senate. Joe Biden will be the tie breaker. Don't forget, I'll be tweeting on election night. Follow me on Twitter.

So what's going to happen after the elections?The GOP will engage in grandstanding, but fail to reverse Obamacare. They would need 60 votes in the Senate to get anything done. And the GOP is more likely to stall until they get more votes in 2012 and retake the White House. They are not going to risk pissing people off by cutting entitlements, cutting the spending, ending the corporate-driven wars or defaulting on the debt. But the good news is that Obama's ability to harm the nation will be limited.

I see CO, IL, NV and PA will going red.

WA and CA will stay blue.

WV Senate is all over the place. Democratic Governor Joe Manchin is in danger of losing in WV, but his popularity makes me believe that he'll prevail. However, this state did support McCain by a healthy margin.

NEVADA (Sharron Angle v. Harry Reid)Angle is pulling ahead of Reid. He's far too unpopular to be re-elected to anything. Plus, McCain will have Angle win more Independents. History will be made and Senate Majority Leader Harry Reid will lose his seat.

GOP MONEY WOMEN

Newsweek produced an amusing article entitled, "These Moneywomen Might Have Too Much Baggage: Why aren’t voters warming to these three self-financed candidates?" Of course, this article is referring to Carly Fiorina, Meg Whitman and Linda McMahon. All of which are running for the U.S. Senate (or Governor) with an enormous amount of personal funds to drive their campaigns. Meg Whitman, former eBay CEO and executive for The Walt Disney Company, is trailing her Democratic opponent. Carly Fiorina, former CEO of HP and executive at AT&T, is trailing. McMahon, former CEO of World Wrestling Entertainment, is down by double digits. Whitman has sent 141 million dollars of her own money trying to become the Governor of California.

So why are they struggling? Simply put, they're not very good candidates. Let's start with Meg Whitman. She was busted hiring an illegal immigrant for housekeeping. Whitman isn't particularly likable or appealing.

Carly Fiorina isn't running a very good campaign. Boxer has done a fabulous (yes, I'm using that word) job of portraying Fiorina as incompetent and anti-working class.

Keep in mind that both of these candidates are running in liberal California. So the deck is stacked against them. They needed to distinguish themselves as credible and able to implement a meaningful economic plan. And so far, they have failed. McMahon never had a prayer in CT. It's more blue than a Michigan teacher's Union.

All three women lacked the appeal that would draw voters in (Sarah Palin definitely has this), the type of personality that would allow them to make a connection with the voters and a coherent campaign and a clear economic plan. Whitman has the best chance to win, but I predict that all three with lose. TEA PARTY

The Tea Party will do better than most analysts expected. However, half of the members are just using the label to win their races and the other half will be marginalized in Washington. Yeah, I know. I'm a cynical bastard.

Christine O'Donnell however is very likable, but her credibility has been damaged by a number of incidents in her past. The polls show her closing, but in a blue state like Delaware, GOP candidates must do better than her campaign.

Thursday, October 28, 2010

Marc Faber said what everyone's thinking (or at least myself), nothing will change after the election. The quantitative easing will continue. He's convinced that there will be a Q3, Q4 and more. Oh Joy! These idiots aren't going to stop printing dollars until the bloody end. And by bloody, I mean blood. When the dollar finally dies. Millions of Americans will lose everything. And this will be the beginning of civil unrest.

Although, I should warn you that he also sees a pullback in precious metals. Personally, I don't care if the price drops, silver holds value no matter what. The good thing about a drop in the price of silver is that it'll be easier to acquire it. By the way, if you do decide to buy silver and gold, you may want to demand delivery. Because if there is a crisis, it may prove to be difficult for you to claim your metals. Just a thought.

Monday, October 25, 2010

CBS' 60 Minutes sent one of it's reporters to Silicon Valley (among other places) to interview dozens of 99ers about

Mary Anne Rose was a financial analyst at a real estate firm, when she and 100 other people were laid off. She's been out of work for over two years. She's 54 years old, she lost her home and spent all of her savings. What's surprising to me is that a 52 old financial analyst could send all of her savings in just two years. Maybe it's just me, but you would expect a financial analyst to be better prepared at her age.

Anyway, the reporter stood in front of 100 or so 99ers (mostly middle age people who have been unemployed for at least 99 weeks) and asked him, "How many of you have college degrees?"

Virtually everyone in the room had a four year degree. At least 40% had a master's degree.

The meeting felt like a 12 steps program and the desperation was stunning. There were professionals hoping to work for 9 dollars a hour/ part time. I don't care what anyone says, this recession is much different from anything this country has experienced in the last half of century. This is getting scary.

One couple couldn't afford to send their son to college. So now he's planning on joining the military. Obviously, it was not his first choice. And it looks like he'll have to risk his life to have a chance at college. Frankly, given the current economic and political environment, going into the military could end up being a major risk.

So do you think the military is a good idea for young people right now?DEMCAD Report

Sunday, October 24, 2010

Goldman Sachs is declaring that the Federal needs to produce and inject $4 Trillion dollars into the economy. Why not $40 Trillion? Or $4 quadrillion? If we're going to tank the currency, why don't we go all out with our insanity.

Don't worry about the U.S. dollar's recent flash crash. Sure, the dollar index collapse after trading hours, but I'm sure everything is okay. Although, I would hate to be those poor bastards with a $75 stop-loss, because the dollar quickly recovered. Ouch!

Speaking of which, what happened to that recovery? The NBER declared that the recession ended in the summer of 2009. Nevermind the fact the jobs never came back or that over 1/8 of the population is on a government anti-poverty program. At least, the financials are doing better. Oh wait, the derivative nightmare is still playing out, the banks aren't lending to small businesses and the smaller banks are still going up in smoke. 7 more banks failed last friday, bringing the total number to 139 for this year. We're on pace to shatter last year's dramatic rise. And who can forget about foreclosuregate? Big, greedy, corrupt, banks trying to foreclosure on houses that they don't actually own.

A friend of mine called me up the other day and complained that he had 500 channels, but couldn't find one good scary movie. I told him to stop watching TV, start reading the news and tell me if he can't find anything scary.

Friday, October 22, 2010

College students are feeling the heat. Millions of college graduates are facing a brutal reality. Many of them spent too much money on an education that will give them too little. Recently a BC Law student offered to surrender his degree in exchange for his tuition. The poor guy writes,

“We are discouraged, scared, and in many cases, feeling rather hopeless about our chances of ever getting to practice law.”

Well, that's not a chance in hell he's going to see his money again. If the university give him his money back, others would follow suit. And frankly, colleges and universities are in the business of receiving revenue, not giving it back.

On the Global Front, China and Russia are growing into even greater world powers. As of today, Russia is the only country that exports more than 10 million barrels of oil each day. China produces over 90% of the rare earth metals worldwide. As America declines, Russia and China make take its place as the world's super powers. But will Russia by able to continue its amazing oil production? Will China find a way to sell all of its goods once the American consumers are too poor to buy them? And how will the Chinese feed all of those people?

Check out my lasting video for more information and commentary on current events.

Monday, October 18, 2010

First, Ratigan's rant about Muslims and terrorism was just great. It was funny how the producers scrambled to end his rant and change the subject.

LAST WARNING!

Over the last two years, I've issued more warnings than the Department of Homeland Security. I've made more videos than Osama Bin Laden. I've used all of my projects (the online radio, my youtube channel and this blog) to rise awareness about the current economic situation and the need to prepare for the inevitable economic disaster. Will it be a dollar crisis, a terrorist attack, a deflationary depression or hyperinflation? I don't know. But I do believe that the need to be prepared for an emergency is as great now as it has ever been.

So let me issue one last warning before the upcoming elections.

First, this election will change nothing. There is no evidence that the Republicans have any intention of changing this nation's reckless and suicidal course. they will continue the spending. They'll just spend the money on different junk. The wars in Iraq and Afghanistan will continue just as they did when the Democrats took over in 2006.

Second, the Federal Reserve will not be able to save the federal government from its massive deficits. It will not be able to produce more money without creating an hyper-inflationary crisis. The dollar is grave trouble, unemployment is getting worse, local and state governments are collapsing and we are not going to avoid a very serious economic winter.

You must try to prepare for what's coming. My plans aren't perfect, but at least I have one.

Do you have enough food to last you at least one month?

What about water? Medicine? Antibiotics? First aid?

How will you protect your goods?

Here are some videos that I've produced that will help you get started.

This story is so awesome. The banks tried to screw the Earls, but they turned things around and nailed the bank. They fail behind on their mortgage, hired an attorney to work out a new payment plan, but the bank hit them with excessive fees and tried a rush default. The bank changed the locks and tried to bully the owners out of their home. But then they broke into the house, change he locks and reclaimed the home.

She tried to pay the bank some cash, but it never credited her with the cash. The bank was making the numbers up. At this point, the family doesn't even know which bank actually owns the house. Banks are getting so desperate that they are sending goons to break into people houses and change the locks when the house isn't even in foreclosure.

What's happening here?

The foreclosure system being exploited by banks that are actively engage in corruption and fraud.

Bottom line: We have at least 40 million houses in which no one knows who owns what.

Friday, October 15, 2010

You may also want to check out Gerald Celente's latest interview on the Jeff Rense show. I'll embed the videos on this site. Meanwhile, the dollar index continues to show the dollar's decline. Don't worry, Paul Krugman is coming to the rescue. He's convinced that we need 8 to 10trillion dollars for quantitative easing. When will the madness end?

In other news, 11 U.S. led troops were killed in Afghanistan recently. Once agains, insurgents used a bomb attack to strike the Americans. And last, three more U.S. banks closed on Friday. As of this October 16th, 2010, 132 banks have failed this year. 140 failed late year.

Thursday, October 14, 2010

The dollar continues to struggle against the yen and euro. Silver and gold are still gaining. It looks like the dollar is in serious trouble. The entire U.S. dollar is a debt system. The American people slave for a dollar that isn't back by anything by our sweat. The currency is not linked to a hard asset like gold or silver. It's value stems from confidence. Essentially, the dollar's worth comes from two places.

1) Petrol Value(The only way a nation can purchase oil is with the Federal Reserve notes. This makes the dollar a necessarily if you want energy.)

2. American Labor(The American people's willingness to work, pay taxes and allow the U.S. government to put them into debt.)

The problem is that investors (and other countries) have no incentive to support the dollar, because the United States fiscal and monetary policy is makes it clear that the U.S. has no intention of ever paying this money back. And when you have a debt system, you always have more debt than dollars, so the practical value of the currency is always in question. As long as investors believe that the government will pay back the debt, the system can function.

What's happening with the dollar is obvious. The federal government has borrowed trillions of dollars to bail out Wall Street criminals, local governments, fund the wars in Iraq and Afghanistan and expand it's power in sectors of the economy. Simply put, the government has written a cash that can't be cashed. It has put itself (and the American people) in a situation where we will not be able to pay our debts. In essence, the Federal Reserve system has put the American people into slavery.

What's happening with the Economy

1. The Stimulus Package failed.(Not only did it fail to create jobs in an efficient manner, but the government was caught lying about the numbers.)

2. Unemployment Remains High(Although, there has been some slight signs of life in the private sector, the growth in jobs was not enough to keep the U.S. up with population. So in actuality, we're still losing jobs. The biggest change is that now more unemployed people have given up looking for work.)

3. The Middle Class is ShrinkingNow, 1 out of 7 Americans are living in poverty. Over 41 million Americans are receiving food stamps.

4. The Dollar is Decling(The U.S. dollar dipped to 81.07 against the yen. This is a fresh 15 year low. The stock market is rising while the dollar is dropping against almost everything.)

5. Local Governments are falling apart. (We lost over 50,000 teachers last month. And that was only a small part of the exodus in the public sector.)

So what does all of this mean?

It means you better be taking steps to protect yourself, because things are about to get rough. i highly recommend you watch my video "The Prepper's Emergency List" to get an idea on how to get started.

Wednesday, October 13, 2010

Ron Paul went on Fox News to warn people about a potential revolution in America. He's given up on using the system to reverse the reckless laws that have been recently created. He also doubts that the Republicans will change much in Washington if the GOP wins big in November. The most stunning prediction was hes declaration of a Soviet Union-style Collapse. Ron paul explained,

"We're going to give up the empire. The Soviets literally gave up their empire. And we will -- for financial reasons. We won't be allowed to have a presence in the Middle East. We won't be capable of paying for the troops in Japan."

Monday, October 11, 2010

Keep your eye on the currencies. The U.S. Dollar is continuing to struggle against the yen and the euro. The dollar has dropped to 81.39 yen -- the lowest in over 15 years. This is below the levels where the Japanese government jumped into the foreign exchange market in the 1990s. The USD is also struggling against the euro. The EU currency is now at $1.40. This means that the dollar is getting weaker against other currencies, while it losing value against gold and silver.Gold is trading around $1350 per ounce. Silver is in the 23 dollar range.

Remember, trends forecaster Gerald Celente has not only predicted the crash of 2010, but he's predicting a currency crisis. I've been saying that I expected a hyperinflation in the latter part of 2010" for over a year. I even made a video at the beginning of this year discussing what I expected to happen this year. So far, most of it has not come to past. Yet!

Friday, October 8, 2010

UnemploymentThe government’s broader measurement of unemployment (U6) hit 17.1% in September . We had a net loss of 95,000 jobs. We gained 64,000 in the private sector, but lost over 159,000 public-sector jobs. Ouch! We also lost 77,000 temporary census jobs. Big Surprise! Read more…

Jimmy RogersJimmy Rogers laid down the law when he described the current economic environment.

"When you print a lot of money, the people who get the money are better off -- there's no question about it. But the country, the world is worse off," Rogers says. "Sure some of us feel much better, especially people in the financial markets but...the world is not getting better. The world is getting worse."

He warned people to protect their assets with hard precious metals. Read more…Frankly, the writing is on the wall. Oil rose above 84 bucks, gold hit a record hit of 1330 and the U.S. dollar move below 82 yen.

Vice President 2012I came across this silly article entitled “The Fast Fix: A better 2012 VP nominee: Biden or Hillary?” Newsflash: no one votes for a Vice Presidential candidate. In 2012, the American people aren’t going to care about Biden or Clinton. They’re going to be more concerned about jobs and standard of life than who’s going to be VP. The top of the ticket is the only thing that matters. If Dan Quayle couldn’t ruin George H.W. Bush’s presidential run, don’t expect Clinton to save Obama. Besides, if Obama loses, it will be his policies that sink him, not Biden. Ditching Biden just looks desperate.

Meanwhile, the Europeans continue to protest austerity measures being implemented across the continent. It's like I've always said, "The Americans have the guns, but the Europeans have the guts." Unfortunately, I can't name one nation that has both.

If John McCain was elected President in 2008, where would will be? probably in the same place that we are now. Like Obama, Republican John McCain supported the banker bailouts and the warmongering on Capitol Hill. John McCain may have been less hawkish on Pakistan and more aggressive in dealing with Iran. Israel would have been much happier with McCain. The bankers may have not cared, because they control them both.

So would McCain have been any better?

Well, the gridlock in Washington would have limited his ability to damage the nation, so in that sense, perhaps he would have been a better pick. On the other hand, McCain may have already started World War 3, so who knows. It really doesn't matter if the president is a republican or a democrat, the system in which he or she operates makes it almost impossible to have any real change. These people are selected before they are elected.

Monday, October 4, 2010

Russia Today interviewed Conservative Party (Member of Parliament) Philip Davies and he didn't bite his tongue about the state of Euro Zone. He was asked how the Irish situation will affected the Euro Zone.

"Well, I think we're seeing the collapse of the Euro Zone. It goes to show that the system was flawed. You can't have countries with different economic circumstances all being forced into the same interest rates."

Bingo!

Part of the problem is that most of these countries are borrowing cash from other countries. They seem to have the same "spend more than you make" mentality as the United States. What surprised me about the interview was his willingness to talk about civil unrest. Last week, workers all across Europe marched in protest. That was only the prologue to the revolutions that will spark all across the world.

Sunday, October 3, 2010

They say rats flee sinking ships. Larry Summers" will be abandoning his post as Obama's economic adviser. There's rumors that Former Xerox CorpChief Executive Anne Mulcahy may replace him. But who in their right mind would want to jump on a sinking ship. Obama's policies have failed miserable. In early 2009, the President claimed that if Congress didn't pass his stimulus package, this economic crisis would become a catastrophe. Yes, he used the word "catastrophe." He even claimed that unemployment would hit 8%. So here we are, October 2010 and the unemployment rate is 9.6%. When the latest data is released, unemployment will rise again. Don't take my word for it. Read it here.

Obama's team is disappearing fast.

Chief of Staff, Rahm Emanuel, is also out the door.

Chief Strategist, David Axelrod, will be leaving in 2011.

Meanwhile, many Democrats are running away from Obama and the party brand like it's the plague. Obama's polls are not encouraging. Most Americans disapprove of his performance and if the economy takes a bigger dive before election, we could have a lame duck president by Christmas. Remember, the economy is much worse than it ever was doing the Clinton administration. The economy was improving by the time the Democrats received their ass beating in 1994. Obama is not as fortunate.

The danger is that Obama will become a lameduck and create even more damage than before. It's really sad. Most of these clowns gave Obama terrible advice and now that the consequences are being felt, they're jumping ship. I guess Larry is leaving the economic adviser post before the economic floor collapses.

Will October have a market crash? Historically, when you have a head and shoulders pattern and an over-valued market in September, October don't look good. In any event, I'll be focused on unemployment and the real economy.

Friday, October 1, 2010

For decades, pro gun control advocates have railed against the second amendment, claiming that an increase in availability of firearms will increase the likelihood that more criminals will get guns and commit crimes. Especially, they have argued that more guns means more crime. But the data now shows conclusively that this notion is wrong.

In 2009, millions of nervous Americans bought more guns than in any recorded year before. Many citizens were worried that the new administration would represent a threat to the availability of certain guns and we witnessed one of the greatest gun scares in U.S. history. Accord to the NICS, the total number of background checks soared to a record 14 million. That's a 10% jump in sales. This is based on the number of firearms that go through a background check. So they are very reliable.

12,709,023 gun sales in 2008.14,033,824 gun sales in 2009.

1.3 million gun increase in sales. 14 million new guns on the street. And what happened to the crime rate?

According to the FBI's latest crime report, violent crime dramatically declined in the first half of 2009. Violent crime in 2009 had a 5.3 percent drop from the 2008 estimate, 5.2 percent below the 2005 level and 7.5 percent below the 2000 level. Some people claim that these reports can be bias by local law enforcement agencies. And that is true. All of these numbers can be boast or lowered by changes in the types of charges filed. All of these crimes except MURDER. Simply put, it's almost impossible for law enforcement agencies to manipulate the number of bodies on the street. Well, the numbers are clear: the number of murders dropped, significantly.

There was a 7.3 percent decrease in murders in 2009 (compared to the 2008 estimate), a 9.0 percent decrease from the 2005 level and a 2.2 percent drop from the 2000 estimate. By all means, there were less murders. More guns. Less murders.

2009 had a drop in every category compared to 2008.

Robbery8.0 percent DROP

Forcible Rape2.6 percent DROP

Aggravated Assault4.2 percent DROP

There's two reason why I think we should be able to own guns.

1. To protect ourselves from a tyrannical government.2. To protect ourselves against criminals.

An unarmed population is not necessary a safer population. People foolishly point out the low crime in Europe as an example of how gun control keeps people safe. But they never mention the fact that Nazi Germany implemented gun control in the 1930s to disarm Jews before they went on a mass murdering campaign that claimed over 6 million people in the Holocaust. They don't talk about Mao's China or Stalin Soviet Union. Hundreds of millions of people were murdered by their own governments in the 20th Century and it is still happening. What do you think Darfur is about?

"Should the U.S. get involved? Should we spend troops? How can we get aid to the people?"

Screw care packages, arm the people and they'll be able to shoot back! Darfur is what happens when a population is unarmed.

I don't care if you believe in owning a gun, but that shouldn't stop me from protecting my family. If you decide that you don't like guns. Fine, that will be your problem when some lowlife breaks into your house and gets his hands on your 15 year old daughter. Just don;t try to get other people killed by restricting law abiding citizens from owning a gun to protect their family from threats.

In conclusion, the numbers are clear. 2009 had more guns and less murders. More guns and less violent crime. To this date, this is a net-zero correlation between gun sales and crime. No gun zones don't keep people safe, they just provide target rich locations for mass murderers. Restricting gun owning of law abiding citizens only provides a safer environment for criminals and governments would want to abuse the citizens.

Owner of News Corp. (and Fox News News) Rupert Murdock spoke out about illegal immigration by declaring his support for "law abiding illegal immigrants." What the hell is a law abiding illegal immigrant? Talk about oxymoron. Murdock believes that we should provide amnesty to illegals living in America to boast our tax base. Really? So what about the millions of illegals who use government resources like welfare, food stamps and health care programs.

A study by the Federation for American Immigration Reform (FAIR) estimates that illegal immigration costs taxpayers at least $113 billion a year. Now, we already collect sales taxes from illegal immigrants. If they were legal, they would be able to buy houses and that would provide a boast to housing and offer more property taxes to local governments. So he is right about an increase in revenue, but what he fails to calculate is the cost of anmensty. If the illegals became legal, they would have greater access to our entitlement systems and increase the drain on the systems.

They would also represent an economic threat to working class blacks and whites. They will force the wages even lower and provide a big increase int he SUPPLY of workers. The problem that America faces is a DEFICIT in jobs. We have more workers than jobs. So why would you supply more workers (who can work legally) when you already have more workers than jobs?

Imagine the economic impact of amnesty.

ProsBoast to HousingMore Property tax revenue for local governments.Illegal immigrants can be united with family

ConsGreater drain on Medicare/MedicaidGreater drain on food stamps/welfareHigher deficit in jobs Loss of tax money from working class citizens (who lose their job to the amnesty worker who will work for less)